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RE: Strike funds document

in USL3 years ago

Another important aspect is how to govern / manage the fund:

  • a prior calculation needs to be done to fix the size (with respect to the number of members and the number of strike days targeted and the calculated pay loss)
  • once the target sum is decided, money should be directed to the "strike fund" account at a certain pace to respect certain financial ratios for the union
  • once the fund has reached an amount covering at least two or three days a strike becomes feasible
  • in that case, how is the disbursement of funds managed - who can record people entitled to a payout, who can order the payouts out of the strike fund, who certifies that the payout is correct, etc.